Titagarh Rail Systems Limited (TITAGARH) - Net Assets

Latest as of September 2025: Rs25.40 Billion INR ≈ $274.66 Million USD

Based on the latest financial reports, Titagarh Rail Systems Limited (TITAGARH) has net assets worth Rs25.40 Billion INR (≈ $274.66 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs38.01 Billion ≈ $411.05 Million USD) and total liabilities (Rs12.61 Billion ≈ $136.39 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TITAGARH financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs25.40 Billion
% of Total Assets	66.82%
Annual Growth Rate	12.68%
5-Year Change	195.54%
10-Year Change	140.83%
Growth Volatility	31.62

Titagarh Rail Systems Limited - Net Assets Trend (2008–2025)

This chart illustrates how Titagarh Rail Systems Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is Titagarh Rail Systems Limited's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Titagarh Rail Systems Limited (2008–2025)

The table below shows the annual net assets of Titagarh Rail Systems Limited from 2008 to 2025. For live valuation and market cap data, see market value of Titagarh Rail Systems Limited.

Year	Net Assets	Change
2025-03-31	Rs24.84 Billion ≈ $268.65 Million	+11.98%
2024-03-31	Rs22.18 Billion ≈ $239.90 Million	+130.22%
2023-03-31	Rs9.64 Billion ≈ $104.20 Million	+14.40%
2022-03-31	Rs8.42 Billion ≈ $91.09 Million	+0.20%
2021-03-31	Rs8.41 Billion ≈ $90.90 Million	-0.58%
2020-03-31	Rs8.45 Billion ≈ $91.44 Million	-4.87%
2019-03-31	Rs8.89 Billion ≈ $96.12 Million	-3.21%
2018-03-31	Rs9.18 Billion ≈ $99.30 Million	-12.25%
2017-03-31	Rs10.46 Billion ≈ $113.16 Million	+1.44%
2016-03-31	Rs10.32 Billion ≈ $111.55 Million	+42.22%
2015-03-31	Rs7.25 Billion ≈ $78.44 Million	+6.03%
2014-03-31	Rs6.84 Billion ≈ $73.97 Million	-2.53%
2013-03-31	Rs7.02 Billion ≈ $75.89 Million	+1.26%
2012-03-31	Rs6.93 Billion ≈ $74.95 Million	+16.33%
2011-03-31	Rs5.96 Billion ≈ $64.43 Million	+31.17%
2010-03-31	Rs4.54 Billion ≈ $49.12 Million	+16.15%
2009-03-31	Rs3.91 Billion ≈ $42.29 Million	+19.75%
2008-03-31	Rs3.27 Billion ≈ $35.32 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Titagarh Rail Systems Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 935640000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs9.36 Billion	37.68%
Common Stock	Rs269.30 Million	1.08%
Other Comprehensive Income	Rs1.38 Billion	5.56%
Other Components	Rs13.82 Billion	55.67%
Total Equity	Rs24.83 Billion	100.00%

Titagarh Rail Systems Limited Competitors by Market Cap

The table below lists competitors of Titagarh Rail Systems Limited ranked by their market capitalization.

Company	Market Cap
Siam Global House Public Company Limited BK:GLOBAL	$1.12 Billion
First Hi-tec Enterprise Co Ltd TWO:5439	$1.12 Billion
Canadian Solar Inc NASDAQ:CSIQ	$1.12 Billion
Xinjiang Baodi Mining Co. Ltd. A SHG:601121	$1.12 Billion
Beijing Creative Distribution Automation Co Ltd SHE:002350	$1.12 Billion
Tianjin Capital Environmental Protection Group Co Ltd SHG:600874	$1.12 Billion
Douglas AG XETRA:DOU	$1.12 Billion
Tianjin Silvery Dragon SHG:603969	$1.12 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Titagarh Rail Systems Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 22,183,328,000 to 24,829,800,000, a change of 2,646,472,000 (11.9%).
Net income of 2,763,900,000 contributed positively to equity growth.
Dividend payments of 107,700,000 reduced retained earnings.
Other comprehensive income increased equity by 5,099,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs2.76 Billion	+11.13%
Dividends Paid	Rs107.70 Million	-0.43%
Other Comprehensive Income	Rs5.10 Million	+0.02%
Other Changes	Rs-14.83 Million	-0.06%
Total Change	Rs-	11.93%

Book Value vs Market Value Analysis

This analysis compares Titagarh Rail Systems Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 4.17x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 17.61x to 4.17x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-03-31	Rs43.63	Rs768.40	x
2009-03-31	Rs42.51	Rs768.40	x
2010-03-31	Rs48.23	Rs768.40	x
2011-03-31	Rs60.73	Rs768.40	x
2012-03-31	Rs69.51	Rs768.40	x
2013-03-31	Rs67.43	Rs768.40	x
2014-03-31	Rs66.06	Rs768.40	x
2015-03-31	Rs68.69	Rs768.40	x
2016-03-31	Rs85.51	Rs768.40	x
2017-03-31	Rs83.61	Rs768.40	x
2018-03-31	Rs74.03	Rs768.40	x
2019-03-31	Rs70.65	Rs768.40	x
2020-03-31	Rs66.32	Rs768.40	x
2021-03-31	Rs71.84	Rs768.40	x
2022-03-31	Rs70.48	Rs768.40	x
2023-03-31	Rs80.58	Rs768.40	x
2024-03-31	Rs174.11	Rs768.40	x
2025-03-31	Rs184.33	Rs768.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Titagarh Rail Systems Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 11.13%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.15%
• Asset Turnover: 1.03x
• Equity Multiplier: 1.52x
Recent ROE (11.13%) is above the historical average (4.83%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	18.55%	10.82%	1.05x	1.63x	Rs279.10 Million
2009	16.39%	9.35%	1.30x	1.35x	Rs250.00 Million
2010	13.26%	10.86%	0.71x	1.73x	Rs148.07 Million
2011	12.58%	10.01%	0.77x	1.64x	Rs148.96 Million
2012	12.52%	10.76%	0.74x	1.58x	Rs167.55 Million
2013	3.49%	3.25%	0.67x	1.61x	Rs-440.44 Million
2014	-1.35%	-1.63%	0.51x	1.63x	Rs-751.85 Million
2015	-0.48%	-0.45%	0.70x	1.54x	Rs-721.98 Million
2016	-1.73%	-1.73%	0.36x	2.81x	Rs-1.12 Billion
2017	2.78%	1.57%	0.63x	2.79x	Rs-698.55 Million
2018	-16.80%	-11.33%	0.47x	3.18x	Rs-2.29 Billion
2019	-3.49%	-1.83%	0.57x	3.33x	Rs-1.10 Billion
2020	-4.46%	-1.94%	0.78x	2.96x	Rs-1.11 Billion
2021	-1.78%	-0.99%	0.61x	2.94x	Rs-990.52 Million
2022	-0.04%	-0.02%	0.55x	3.18x	Rs-845.41 Million
2023	13.51%	4.68%	1.19x	2.42x	Rs338.49 Million
2024	12.90%	7.43%	1.20x	1.45x	Rs643.08 Million
2025	11.13%	7.15%	1.03x	1.52x	Rs280.92 Million

Industry Comparison

This section compares Titagarh Rail Systems Limited's net assets metrics with peer companies in the Railroads industry.

Industry Context

Industry: Railroads
Average net assets among peers: $25,533,313,333
Average return on equity (ROE) among peers: -0.24%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Titagarh Rail Systems Limited (TITAGARH)	Rs25.40 Billion	18.55%	0.50x	$1.12 Billion
Container Corporation of India Limited (CONCOR)	$76.08 Billion	13.86%	0.18x	$4.19 Billion
Jupiter Wagons Limited (JWL)	$519.74 Million	3.35%	1.08x	$1.31 Billion
Texmaco Rail & Engineering Limited (TEXRAIL)	$100.00K	-17.92%	0.54x	$464.08 Million

About Titagarh Rail Systems Limited

NSE:TITAGARH India Railroads

Market Cap

$1.12 Billion

Rs103.48 Billion INR

Market Cap Rank

#8625 Global

#411 in India

Share Price

Rs768.40

Change (1 day)

-2.27%

52-Week Range

Rs574.85 - Rs963.75

All Time High

Rs1855.99